Here are 3 charts to prove Singapore banks' ugly loan growth in October

Housing loan growth slowest in 4 years.

According to Maybank Kim Eng, the industry housing loan (29.8% of total) growth slowed to 11.9% YoY, the weakest
in four years.

The deceleration reflects a less robust property market and should continue well into 2014. Prospective growth will primarily come from loan drawdowns of new home completions (2014: 19,302 units; 2015: 18,278 units).

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!